Feibus & Co., Inc. v. Godley Const. Co., Inc.

CARLTON, Justice.

I

Plaintiff is engaged in the textile waste business with a warehouse located in Charlotte, North Carolina. It buys waste and rag clippings from mills and resells them to the paper and plastic industry. The corporate defendant is a construction company located in Charlotte. F.O. Godley was at all relevant times an officer, director and stockholder of Godley Construction Co., Inc. The defendants are land developers and building contractors.

In the early 1960s plaintiff’s- corporate predecessor (hereinafter called plaintiff) required a larger warehouse within which to operate its…